Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Slovenia
PGDPUSSIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.04
Year-over-Year Change
27.34%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures Slovenia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative living standards and economic development between the two countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPP-converted GDP per capita ratio compares the overall economic productivity and living standards between countries by adjusting for differences in price levels. This metric is widely used by economists and policymakers to evaluate a country's economic performance and competitiveness.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, which adjusts for international price differences.
Historical Context
This trend is relevant for analyzing Slovenia's economic convergence with more developed economies like the United States.
Key Facts
- Slovenia's GDP per capita is around 85% of the U.S. level.
- The PPP-adjusted ratio has been gradually increasing over time.
- Slovenia is one of the wealthier transition economies in Eastern Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures Slovenia's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides a comparison of living standards and economic development between the two countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists and policymakers to evaluate a country's economic performance and competitiveness in relation to other major economies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, which adjusts for international price differences.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Slovenia's economic convergence with more developed economies like the United States, which is important for policymakers and market analysts.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying sources from the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for Slovenia (PGDPUSSIA621NUPN), retrieved from FRED.